Bitcoin Day a Big Hit in Argentina

Bitcoin Day a Big Hit in Argentina

Bitcoin is blending in with the economy of Argentina pretty well.

Last week, Argentina had a “Bitcoin Day” where 500 attendees came together and took part in an event in Buenos Aires. The event was intended to serve the growing demand for information regarding the blockchain technology.

The event was held in the Almagro neighborhood at the heart of the city. It served as a reminder of the country’s leadership in regional adoption. While the other developments in Latin America stole the spotlight lately, Argentina had a lot of development.

The CEO of cryptocurrency services firm Buda, Guillermo Torrealba, said,

“There are even banks here that have executives that are exclusively dedicated to cryptocurrency companies,”

According to him, when compared with his home country, Chile, the difference in the situations is day and night. He has expectations from Chile government to ultimately put an end to the blockade and accept blockchain technology. He asserts that countries like Peru are already implementing a different strategy wherein they observe and learn from others.

Along with many other crypto enthusiasts, he believes that it won’t be long before the traditional finance industry would come to the blockchain financial institutions to use the blockchain infrastructure.

The CEO of the digital notary startup Signatura, Gonzalo Blousson, acknowledged that there’s a lot of progress that is being made in Argentina. In fact, the country is already registering official bulletins on the blockchain. The development can be accredited to the vibrant local community which has been advocating for the technology for a lot of years.

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Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.